GST DAILY – 341 : GST shall be paid on date of receiving interest on delayed payment for goods sold by supplier: AAR
THE AUTHORITY FOR ADVANCE RULING UNDER RAJASTHAN GST, In the case of Pink City Steel Rolling Mills Pvt. Ltd.,decided on 1-9-2023
Tag: time of supply
Time of supply for service supplied under HAM Contract would be the date of issuance of invoice or receipt of payment of annuity whichever is earlier
The Hon’ble Madras High Court in the case of KNR Srirangam Infra (P) Ltd. set aside the Impugned Assessment Order and remitted back the matter for reconsideration in light of the observations made in the Circular No. 221/15/2024-GST dated June 26, 2024 (“the Circular”) and held that the liability to pay tax would arise when invoice has been received or payment would be received under Hybrid Annuity Model (“HAM”) contract wherein the payment is received in installments for part compensation.
Circular no. 222/16/2024-GST dated 26.06.2024
CBIC issued a Circular No. 222/16/2024-GST dated 26.06.2024 to provide Clarification on time of supply of services of spectrum usage and other similar services under GST
Circular no. 221/15/2024-GST dated 26.06.2024
CBIC issued a Circular No. 221/15/2024-GST dated 26.06.2024 to provide Clarification on time of supply in respect of supply of services of construction of road and maintenance thereof of National Highway Projects of National Highways Authority of India (NHAI) in Hybrid Annuity Mode (HAM) model
GST DAILY – 172
GST shall be levied at time of redemption of Gift Vouchers if goods aren’t identified goods at the time of…
No ITC on invoices raised for the past period as hit by Period of Limitation
The AAR, Andhra Pradesh, in the matter of M/s. Vishnu Chemicals Limited, [AAR No.21lAP/GST/2021 dated July 20, 2021] has held…
Five years of GST – Back to Basis Theme – Time of Supply
Introduction: It has been 5 years since GST was introduced with much fanfare on 01/07/2017. In the past 5 years,…